Over 50 per cent of Point of Sale operators have closed their shops as scarcity of new and old naira notes bites harder, it has been learnt.
The National Chief Aggregating Officer of the Association of Mobile Money and Bank Agents in Nigeria, Hussein Olanrewaju, who made this disclosure on Monday, said the impact of the ongoing shortage of new and old naira notes had worsened the plight of…
A former teller at Sterling Bank, Gift Akpan, left the shores of Nigeria for the United States to pursue her dreams. Gift told The PUNCH that she had always wanted to travel but decided to gain hands-on experience in the local job market first and raise money to facilitate…
Managing Director/Chief Executive Officer, Fidelity Bank Plc, Mrs. Nneka Onyeali-Ikpe has been presented the award of the Banker of the Year 2022 at the 14th Leadership Annual Conference and Awards.
Organized by Leadership Media Group, publishers of Leadership newspapers…
A digital bank, Hope PSBank, a Unified Payment Services Limited subsidiary, has commenced a community inclusion initiative to support the Central Bank of Nigeria’s naira redesign policy.
Speaking at a press conference to unveil the initiative on Friday, the Managing Director of the bank, Ogechi Altraide, explained that the initiative was targeted at promoting a cashless economy and ensuring…
Liability is defined by Merriam-Webster as the amount of money owned by an individual or entity. Debt burden can be a huge problem for individuals and businesses in Nigeria as it can lead to financial hardship and even bankruptcy. In recent years, as the popularity of…
VerifyMe Nigeria CEO Eshigie Aguele said the lack of a trust infrastructure is hindering the growth of small and medium enterprises (SMEs) in Nigeria.
In a statement provided to The PUNCH on Thursday, Aguele made the announcement while serving as a special guest on the…
Nigerian Central Bank Governor Godwin Emefiele urged Nigerians to understand, adding that the revised banknotes would be circulated and made available.
Apex Bank also ended commission sales on Feb. 10, pledging to replace old Naira banknotes with a new approach.
On Friday, Emefiele held a special press briefing on the new Naira banknote in Lagos.
He noted that he could observe protests and clashes…
The coronation said the shortage of currency could continue after the election.
February 2, 2023
Coronation Merchant Bank has predicted that foreign exchange liquidity crisis affecting the economy may linger futher.
The Chief Economist of Coronation bank, Chinwe Egwim made this known via a statement on Wednesday while speaking on the launch of its 2023 Economic Review…
According to KUDA, customers' money is safe in case of problems with the application.
February 1, 2023
Neo bank, Kuda, has allayed the fears of its customers who have been unable to access their money since Tuesday owing to glitches on its app.
The bank said the customers’ money was safe and it was working on fixing the issue with the app, adding that customers would be…
International Credit Ratings Agency Downgrades Credit Ratings of 9 Nigerian Banks.
February 1, 2023
An international rating agency, Moody’s Investors Service, has downgraded nine Nigerian banks following its downward review of Nigeria’s rating last week.
The downgraded banks include: Access Bank Plc, Zenith Bank Plc, First Bank of Nigeria Limited, United Bank for Africa Plc, Guaranty Trust Bank Limited, Union Bank of Nigeria plc, Fidelity Bank Plc, First City Monument Bank Limited, and…